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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, March 21, 2006

Trading levels and reports for March 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1332.77 1756.83 11500.00 766.43
Resistance 2 1327.03 1742.17 11455.00 760.97
Resistance 1 1317.27 1716.33 11386.00 750.43
Pivot 1311.53 1701.67 11341.00 744.97
Support 1 1301.77 1675.83 11272.00 734.43
Support 2 1296.03 1661.17 11227.00 728.97
Support 3 1286.27 1635.33 11158.00 718.43
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7670 1.2304 108  5/32 112  5/32
Resistance 2 1.7625 1.2268 107 30/32 111 25/32
Resistance 1 1.7557 1.2213 107 19/32 111  8/32
Pivot 1.7512 1.2177 107 12/32 110 28/32
Support 1 1.7444 1.2122 107  1/32 110 11/32
Support 2 1.7399 1.2086 106 26/32 109 31/32
Support 3 1.7331 1.2031 106 15/32 109 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, March 22, 2006

Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –0.2%). Pediatric Advisory Committee meeting at 8:00am. Merrill Lynch Retailing Leaders Conference in NYC through 3/22. JPMorgan Gaming/Lodging Conference in Las Vegas through 3/22. ZMH Analyst meeting. Trades Ex-dividend: HNZ $0.30.
Earnings
Before the Open: AIR ATU FDX FBST IPG MS WOR. After the Close: ADBE ESIO MLHR JBL KBH XRTX.
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note: 
Trading commodity futures and options involves substantial risk of loss. 
The recommendations contained in this letter is of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results. 
 

posted by Cannon Trading at 1:58 PM

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